Wednesday, February 24, 2010

Close Long Position For CPO


Date of entry: 22 Feb 2010
CPO April 2010 openned with a up gap indicate the bullishness of the market IF the price does not ended below today's low. I long at 2634 (2 contracts).

Date of exit: 24 Feb 2010
My stop loss of 2629 was hit with a loss of 7 points per contract inlcuding commission.

The balance of my account is RM 28,725 after the loss of RM 350 (Loss: 7points x 2 contracts x RM25 = RM 350).
(The details of my account is at My Future Trading Account Records 2010 )

Friday, February 19, 2010

Short CPO May 2010 At The Close


Date of entry: 18 Feb 2010
I shorted at CPO May 2010 at 2600 (2 contracts) at the close with the reason 1) It broke below the low of 2606 and 2) Stochastic is down.

Date of exit: 19 Feb 2010
What can I say? The price hit my stop loss of 2599 with a loss of 2 points including commission.

The balance of my account is RM 29,075 after the loss of RM (Loss: 2points x 2 contracts x RM25 = RM 100).
(The details of my account is at My Future Trading Account Records 2010 )

Thursday, February 18, 2010

Long May 2010 CPO Future Contract


Date of entry: 17 Feb 2010
This is the first day of May 2010 future contract becoming active contracts. I longed CPO May 2010 future contract at the open with the price of 2617 (2 contracts). The price openned way above previous high.

Date of exit: 18 Feb 2010
The price hit my stop loss at 2609 at 11pm and I was stopped out with a loss of 10 points. Stochastic turned down from overbought area.

The balance of my account is RM 29,175 after the loss of RM 500 (Loss:10points x 2 contracts x RM25 = RM 500).
(The details of my account is at My Future Trading Account Records 2010 )

Friday, February 12, 2010

My Longest Holding: Long CPO April 2010


Date of entry: 5 Feb 2010
The price broke up yesterday high of 2419 so I longed at 2422 almost at the close. I have nothing to think accept that I still follow my trading rules. A break up is a break up. It could be still wrong but I have to follow even emotionally I was upset.

Date of exit: 12 Feb 2010 (The 5th Day)
I closed my long position at the open with the price of 2455. The gain points of 31 points after commission is giving a profit of RM 1,550. This is the longest holding trades since I started this trading history.

The balance of my account is RM 29,675 after the profit of RM 1,550 (Profit:31points x 2 contracts x RM25 = RM 1,550).
(The details of my account is at My Future Trading Account Records 2010 )

Friday, February 5, 2010

Reentered Long Position At 2502


Date of entry: 4 Feb 2010
I reentered the market to long CPO April 2010 future contract at 2502 with 2 contracts in the morning session. Hope for the best.

Date of exit: 5 Feb 2010
I longed to close at the open at the price of 2491 with a loss of 13 points including 2 points commission.

The balance of my account is RM 28,125 after the loss of RM (Loss:13points x 2 contracts x RM25 = RM 650).
(The details of my account is at My Future Trading Account Records 2010 )

Thursday, February 4, 2010

Right Trade But Bad Loss: Short and Close CPO


Date: 4 Feb 2010
I shorted at 2477 2 contracts and closed in less than one hour at 2512 (hit my stop loss) with a loss of 36 points. This is the right trade but bad loss. I follow my trade rules so I have nothing to say. I lost RM 1,800!!

The balance of my account is RM 28,775 after the loss of RM 1,800 (Loss:36points x 2 contracts x RM25 = RM 1,800).
(The details of my account is at My Future Trading Account Records 2010 )

Wednesday, February 3, 2010

Long CPO April 2010 At 2478


Date of entry: 3 Feb 2010
I long CPO Feb 2010 at the open at 2478 for 2 contracts. The price broke above recent high.
Date of exit: 3 Feb 2010 @ 12:30
I closed 1 contract at 2490 with a profit of 11 points after commission and remain 1 long contract


Date of exit: 4 Feb 2010
I short to exit long position at 2474 in the opening morning session with a loss of 6 points including commission.

The balance of my account is RM 30,575 after the profit of RM 125 (Porfit:11points x 1 contract x RM 25 = RM 275)(Loss:6points x 1 contract x RM25 = RM 150).
(The details of my account is at My Future Trading Account Records 2010 )